PTT Global Chemical Public Company Limited and its Subsidiaries For the year ended 31 December 2023 Notes to the Financial Statements PTT Global Chemical Public Company Limited and its Subsidiaries Notes to the financial statements For the year ended 31 December 2023 50 Consolidated financial statements Type of business Country of operation Ownership Interest Equity method Impairment Equity method - net Dividend income 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 (%) (in million Baht) Indirect joint ventures Thai Ethoxylate Co., Ltd. Manufacturing and distributing chemical products Thailand 50 50 687 660 - - 687 660 32 102 NatureWorks LLC Manufacturing and distributing bioplastic products United States of America 50 50 4,518 4,599 - - 4,518 4,599 - 330 GGC KTIS Bioindustrial Co., Ltd. Manufacturing and distributing electricity and ethanol from sugarcane Thailand 50 50 1,266 1,223 - - 1,266 1,223 - - Emery Oleochemicals UK Limited Manufacturing and distributing biochemical products United Kingdom 50 50 3,096 2,938 - - 3,096 2,938 - 26 Entis Co., Ltd. Manufacturing and distributing industrial coating resins and additives South Korea 50 50 175 179 - - 175 179 - 27 Synthese (Thailand) Co., Ltd. Manufacturing and distributing industrial coating resins and additives Thailand 48 48 494 507 - - 494 507 29 45 10,236 10,106 - - 10,236 10,106 61 530 Total investments in joint ventures 37,136 35,628 - - 37,136 35,628 1,063 1,404 294
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